Ottawa, January 6, 2014
The Department of Finance announced today that Canada's official international reserves decreased by an amount equivalent to US$101 million during December to US$71,937 million.
Details on the level and composition of Canada's reserves as of December 31, 2013, as well as the major factors underlying the change in reserves, are provided below. All figures are in millions of US dollars unless otherwise noted.
Foreign Currency Reserves
|
| | |
millions of US dollars
|
|
Securities
|
57,457
|
|
Deposits
|
973
|
|
|
Total securities and deposits (liquid reserves):
|
58,430
|
|
Gold1
|
115
|
|
Special drawing rights (SDRs)
|
8,675
|
|
Reserve position in the IMF
|
4,717
|
|
|
Total:
| |
|
December 31, 2013
|
71,937
|
|
November 29, 2013
|
72,038
|
|
|
Net change:
|
-101
|
Details on Deposits
|
| | |
millions of US dollars
|
|
Other central banks/Bank for International Settlements
|
973
|
|
Banks headquartered in Canada
|
0
|
|
Of which: located abroad
|
0
|
|
Banks headquartered abroad
|
0
|
|
Of which: located in Canada
|
0
|
|
|
Total:
|
973
|
Details of Net Change
|
| | |
millions of US dollars
|
|
Reserves management operations2
|
120
|
|
Gains and losses on gold sales
|
0
|
|
Net investment gains and losses:
| |
|
Return on investments3
|
-432
|
|
Foreign currency debt charges
|
-81
|
|
Revaluation effects4
|
293
|
|
Net government operations5
|
0
|
|
Official intervention
|
0
|
|
Other transactions
|
-1
|
|
|
Net change:
|
-101
|
Currency Composition of Deposits and Securities
|
| | |
millions of US dollars
|
|
US dollars
|
39,514
|
|
Euro
|
18,637
|
|
Pound Sterling
|
0
|
|
Yen
|
279
|
|
|
Total:
|
58,430
|
Predetermined Short-Term Drains on Foreign Currency Reserves (Nominal Value)
|
| | |
millions of US dollars
|
| | |
| | |
0-1 month
| |
1-3 months
| |
3-12 months
| |
Total
|
|
Foreign currency securities6:
| | | | |
|
Principal
|
-306
|
-1,746
|
-7,152
|
-9,204
|
|
Interest
|
-141
|
-181
|
-891
|
-1,214
|
|
Aggregate short forward positions in foreign currencies vis-à-vis Canadian dollar
|
-107
|
-99
|
0
|
-207
|
|
Aggregate long forward positions in foreign currencies vis-à-vis Canadian dollar
|
0
|
0
|
0
|
0
|
|
|
Total net drains:
|
-555
|
-2,027
|
-8,043
|
-10,625
|
Additional Information (Nominal Value)
|
| | |
millions of US dollars
|
|
Undrawn, unconditional credit lines with banks headquartered outside Canada
|
0
|
|
Securities lent under repurchase agreements7
|
0
|
|
Securities held under repurchase agreements8
|
621
|
|
Financial derivatives assets (net, marked to market):
| |
|
Forwards
|
-8
|
|
Swaps
|
-793
|
NOTES:
-
On behalf of the Government of Canada, http://www.mint.ca/store/news/a-national-treasure-resurfaces-as-the-royal-canadian-mint-offers-rare-opportunity-to-own-canadas-first-gold-coins-crafted-with-pride-from-19121914-17400003?cat=News+releases&nId=700002&parentnId=600004&nodeGroup=About+the+Mint
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